Moon "Economic growth on track"... Kwon Young-se "Aren't you ashamed? As if in a different world"

Kwon Young-se, member of the People Power Party./Photo by Yonhap News

[Asia Economy Reporter Kang Juhee] Kwon Young-se, a member of the People Power Party, strongly criticized President Moon Jae-in's statement expressing confidence in economic recovery this year and claiming that the economy has entered a growth trajectory, saying, "This is why people say he is living in a different world."

On the 28th, Kwon wrote on Facebook, "Aren't you ashamed? It seems you have no regard for the self-employed suffering from the aftermath of COVID-19, the citizens frustrated by housing prices that are impossible to reach with earned income, especially the 20s and 30s generation who can't even dare to dream of owning a home," he said.

Earlier, on the 27th, President Moon evaluated at a non-face-to-face video Cabinet meeting held at the Blue House Yeomin-gwan, "According to the preliminary GDP figures for the first quarter announced today by the Bank of Korea, our economy has already surpassed the pre-COVID economic level in the first quarter of this year," adding, "We recorded a quarterly growth rate that exceeded the expectations of international organizations and the market, recovering the pre-crisis level one quarter earlier than initially forecast."

He continued, "Among major OECD countries, we are leading the recovery, which can only be called the remarkable resilience of our economy," and emphasized, "Now, we can say that the Korean economy has emerged from the dark and long tunnel of COVID and has entered the normal growth trajectory. This clearly shows the stronger Korean economy in times of crisis."

In response, Kwon said, "The president's perception of reality is truly worrisome. This is why people say he is living in a different world," and questioned, "With young people who have nowhere to turn struggling to escape the dark tunnel amid 'Yeongkkeul' (all-in investing), 'Debt Investing,' and now even cryptocurrency controversies... can you really say we are on a normal trajectory?"

He added, "The Moon administration's economy is a particularly harsh 'youth unfair economy' for those in their 20s and 30s," and stressed, "We must correct our economy, which has long been off track, even now."

This content was produced with the assistance of AI translation services.